What is the yield to maturity of a eight-year, $5,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,615?

A.5.71%

B.8%

C.6.85%

D.2.86%

A $47,000 loan is taken out on a boat with the terms 3% APR for 36 months. How much are the monthly payments on this loan?

A.$1,640.18

B.$1,366.82

C.$1,776.86

D. $1,503.50

A pottery factory purchases a continuous belt conveyor kiln for $46,000. A 9% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $482.51, over what term is this loan being paid?

A.12years

B.15years

C.14years

D.13

years